Democratic donors have warned that funding for the November election effort is “drying up” because of Joe Biden’s refusal to step aside, threatening to undermine the party’s effort to defeat Donald Trump.
Donors have become a crucial constituency in the fight over Biden’s future, with some pushing aggressively for him to withdraw even as the party’s lawmakers on Capitol Hill waver over his candidacy.
Their increasing willingness to walk away from the campaign, mentioned in interviews with donors from Wall Street to Hollywood, poses a new existential risk to Biden’s re-election if he stays in a White House race expected to be the most expensive in US history.
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